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Dec 31, 2012
12/12
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
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Dec 31, 2012
12/12
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before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most americans. huge defense cuts kick in, which some republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate minority leader says -- >> i'm willing to get this done. but i need a dance partner. >> reporter: enter vice president joe biden, called by mcconnell. can the senate veteran help congress stumble to a deal on the last day? if no
before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most...
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Dec 31, 2012
12/12
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if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and i'm paula faris. >>> it looks like secretary of state hillary clinton will be celebrating the new year from a hospital bed. >> during a routine checkup for an earlier concussion, doctors discovered she had a blood clot. he's abc's dierdre bryant. >> reporter: secretary of state hillary clinton was admitted to the hospital on sunday with a blood clot. her doctors discovered it in a followup exam for a concussion sufferered earlier in the month. >> with time and with medication, the clot will dissolve. it won't propagate further. won't cause a clot to the lung. it will recover -- someone that has this will recover fully. >>
if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and...
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Jan 1, 2013
01/13
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WUSA
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congress did not get it done and the country goes over the fiscal cliff in less th an hour but there is a deal in the works that could stop tax cuts, though it has to pass the house of congress in the next day and a half. it is uncertain. gary joins us now. >> reporter: taxes are going up for most workers because none of the deals being talked about stop taxes going up. for a working making $50,000 a year, that is a thousand dollars increase in your with holding. the income tax rates, there is a agreement to stop those for going up for 99%. there is a agreement to stop the big spending cuts from kicking in by kicking the can down the road a couple months. right now on the hill, outside the senate, they are waiting for word from vice president joe biden who is briefing the caucus on the deal that he reached with senate leaders and with the republican majority leader. they said a few moments ago that there will be a vote sometime before midnight tonight, no guarantee it will pass. whatever happens we are going over that cliff. >> happy new year. >> reporter: vice president joe biden me
congress did not get it done and the country goes over the fiscal cliff in less th an hour but there is a deal in the works that could stop tax cuts, though it has to pass the house of congress in the next day and a half. it is uncertain. gary joins us now. >> reporter: taxes are going up for most workers because none of the deals being talked about stop taxes going up. for a working making $50,000 a year, that is a thousand dollars increase in your with holding. the income tax rates,...
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Dec 28, 2012
12/12
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FOXNEWSW
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 31, 2012
12/12
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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Dec 30, 2012
12/12
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FOXNEWSW
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cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defense department in the head and send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration we will destroy the
cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called...
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Dec 26, 2012
12/12
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CNBC
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president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as ar
president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide...
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. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. hou
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut....
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Dec 31, 2012
12/12
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WRC
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cliff. without a deal, automatic tax hikes and deep cuts in defense spending and other areas are set to go into effect at 34id night. right now the house doesn't expect to vote tonight, but house speaker boehner reminded measures to stay close to the capitol in case that changes. >>> celebrating on this new year's eve, some couples getting ready to tie the knott at midnight in maryland. those marges will officially become law legal in the state at 12:01 a.m. that has one couple from frederick plans their ceremony right down to the second. pirchlts whenever it says 12:01, wherever i am, i will say "you are married." >> i want to spend the rest of my life with her, and i want to tell the world that, and i should be able to. >> i'm excited and thankful we get to have this day. i'm just happy. >> reporter: couples wanting to get married will have to wait until wednesday as maryland courthouses are closed for new year's day. >>> there's other new laws taking effect in maryland. the first is the c
cliff. without a deal, automatic tax hikes and deep cuts in defense spending and other areas are set to go into effect at 34id night. right now the house doesn't expect to vote tonight, but house speaker boehner reminded measures to stay close to the capitol in case that changes. >>> celebrating on this new year's eve, some couples getting ready to tie the knott at midnight in maryland. those marges will officially become law legal in the state at 12:01 a.m. that has one couple from...
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. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare paymen
. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent...
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Dec 25, 2012
12/12
by
KGO
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news about the fiscal cliff has not been good with the president and congress far apart. if they can't agree on a budget plan by january 1st, government spending cuts will increase automatically. market watchers worry that it will put the country into a recession. >> dan: annual toy drive is in full swing. there are not enough toys so far. so a plea is going out to lefty o'doul's at union square. that is where tomas ramon is live with the story tonight. >> reporter: i seek behind me there are firefighters here, they are collecting toys that people are driving by and dropping off. they collected 4600 toys so far. it's far less than 15,000 they were hoping to collect so they are asking people if they can't want to give a toy for christmas drive by and drop off a gift. six-year-old jordan young has new toy cars for christmas. he is one of three dozen children who are getting gifts early. 8-year-old appreciate yachts what is being done for her neighbors. >> it is great especially the kids that don't have things. >> reporter: parents are appreciative as well especially after s
news about the fiscal cliff has not been good with the president and congress far apart. if they can't agree on a budget plan by january 1st, government spending cuts will increase automatically. market watchers worry that it will put the country into a recession. >> dan: annual toy drive is in full swing. there are not enough toys so far. so a plea is going out to lefty o'doul's at union square. that is where tomas ramon is live with the story tonight. >> reporter: i seek behind me...
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Dec 31, 2012
12/12
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WTTG
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cliff deal. no deal will mean spending cuts and tax increases for millions of americans with fears that it could trigger another recession. ed henry has latest. >> happy new year. >> the house and senate back to work for a rare sunday session trying to figure out the fiscal cliff negotiations. a lot of talk, very few solutions so far. >> our membership is frustrated as the american people we're sworn to serve. >> none. votes that we'll be casting today have anything to do with these deadlines that we face in slightly more than 24 hours. we're here. we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it is time to lawmakers to nail down a deal o. >> we don't yet see an agreement and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors working through night trying to avoid some of the most painful tax hikes and spending cuts in our nation's history.
cliff deal. no deal will mean spending cuts and tax increases for millions of americans with fears that it could trigger another recession. ed henry has latest. >> happy new year. >> the house and senate back to work for a rare sunday session trying to figure out the fiscal cliff negotiations. a lot of talk, very few solutions so far. >> our membership is frustrated as the american people we're sworn to serve. >> none. votes that we'll be casting today have anything to...
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Dec 24, 2012
12/12
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WBAL
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 24, 2012
12/12
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CNBC
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, do you see anything from the fiscal cliff? >> i think the average consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on discretionary categories, it is not hammered to the extent it'll cause major pull back in spending and categories of things we cover. maybe they won't buy boats and homes, but i think sweaters and watches will sell good in that category. >> that is certainly a big, big worry but again a worry for lower end consumer. more so than the higher end consumer. if you look at employment trends, high end versus low end, it is a very different story and i think that the lower end consumer is the consumer i'm most worried about if we good over the fiscal c
, do you see anything from the fiscal cliff? >> i think the average consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on...
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Dec 28, 2012
12/12
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KGO
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five days until the fiscal cliff. hairy reid admitted a deal seems unlikely. >> i have to be honest. i don't know time wise how it can happen now. >> reid called john boehner a dictateor and paintin painting -- pointing blame on him. >> we're here in washington working. wile members of the house of representatives are out watching movies and watching the kids play soccer and baseball. john boehner seems to care more about keeping his speakership. >> the republican leader says the democrats have failed. the only reason democrats have been trying to deflect attention on to me and my colleagues over the past few weeks is that they zront a plan of their own. >> the president return forward a last minute push before leaving on vacation in hawaii. he had separate phone conversations but it isn't clear talks helped. >> hopefully there is time for an agreement of some kind. >> washington's failure threatens to undermine the fragile economic recovery. americans face big tax hikes on newer's day. and treasury department warns t
five days until the fiscal cliff. hairy reid admitted a deal seems unlikely. >> i have to be honest. i don't know time wise how it can happen now. >> reid called john boehner a dictateor and paintin painting -- pointing blame on him. >> we're here in washington working. wile members of the house of representatives are out watching movies and watching the kids play soccer and baseball. john boehner seems to care more about keeping his speakership. >> the republican leader...
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Dec 24, 2012
12/12
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CNNW
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just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for years and blame republicans for it. >> white house correspond respondent brianna keilar traveling live with the president, joins us from honolulu, hawaii. i suspect this is a working vacation for the president. >> it is what of a working vacation. he is always keeping his on eye on things. but there are not a lot of discussions going on. the white house no longer really having any substantive conversations with house speaker john boehner or senate minority leader mitch mcconnell which is key in finding something to get through the senate and perhaps because of
just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for...
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Dec 31, 2012
12/12
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MSNBCW
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what we're doing here, we are not going to offset the fiscal cliff, just doing the bush tax cuts. we'll only take away about 11%, 12% of total economic impact of the so-called fiscal cliff, all of the policies brought together because you'll be letting the payroll tax expire, the refundable tax cuts expire, and the sequester will be doing and we won't be doing much deficit reduction. we'll be increasing the deficit. it is just, i think, hard to step back and take in the totality of congressional failure around this issue. >> well, let's talk about what exactly is likely to happen or is the threat of what will happen. talk about the pentagon. talk about federal workers. talk about obviously the unemploy unemployed whose benefits are going away. >> absolutely. the biggest -- the most dangerous thing, the fiscal cliff is the unemployment insurance. if we go over for a month we can sort of trick everything else. we can -- the irs can do some tricks to make it so you don't feel tax increases quickly. we can do tricks to make it so we don't lay off people at pentagon, we can furlough th
what we're doing here, we are not going to offset the fiscal cliff, just doing the bush tax cuts. we'll only take away about 11%, 12% of total economic impact of the so-called fiscal cliff, all of the policies brought together because you'll be letting the payroll tax expire, the refundable tax cuts expire, and the sequester will be doing and we won't be doing much deficit reduction. we'll be increasing the deficit. it is just, i think, hard to step back and take in the totality of...
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Dec 24, 2012
12/12
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MSNBCW
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 26, 2012
12/12
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WMAR
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his cutting short his hawaiian vacation, to return to washington to avoid the fiscal cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow, even a blizzard are all a threat. >> they are picking up the piece of a series of storms turned deadly. wendy gillette is joining us with more now. wendy? >> reporter: muhammad and brandi, we may dream of a white christmas. and many of us got one. but these storms also delivered a deadly punch, all across the country. >> oh, jesus. look at that tornado. >> reporter: this is just 1 of more than 30 reported tornadoes that touched down on christmas day, leaving behind heavy damage. >> still on the ground for over a minute. >> reporter: this one ro
his cutting short his hawaiian vacation, to return to washington to avoid the fiscal cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this...
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Dec 31, 2012
12/12
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WTTG
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cliff, means big cuts for the defense department. even if an agreement is reached, the threat still looms large. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. . >>> you know there is a lot at stake in the fiscal cliff talks besides the looming tax hikes. fox's peter deucey has a look at the latest in massive cuts that could be coming to the defense department. >> reporter: senator lindsay graham told me this morning his phone rang during dinner saturday night. it was defense secretary leon panetta calling to say he had been told that the bill to avoid the fiscal cliff will not include anything to avoid sequestration. on tuesday, leon panetta will have to write 800,000 layoff notices to the defense contractors. >> if the preside
cliff, means big cuts for the defense department. even if an agreement is reached, the threat still looms large. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. . >>> you know...
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Dec 31, 2012
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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Dec 28, 2012
12/12
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FBC
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if the fiscal cliff hits. i mean, this is the wrong posture. we don't want people that create jobs, people that decide how many people will be hired in the next year to be having -- to have bad karma now. we want people looking forward in a positive way, how we're going to grow into new markets, how to export more. we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank you, great to see you. happy new year. >> thank you, go rg iii. dagen: yeah, babe! we'll kick the cowboys you know what into mexico. drew, thank you, be well. end on a positive note. positive newses too for the housing market, recovery on the way. anthony sanders is here saying washington better not screw it up. in a show of arms, iran's military moves and what that means for the price of oil and gasoline here at home. look at how oil is trading today, well above $90 barrel a mark, down just slightly, but close to 91 bucks
if the fiscal cliff hits. i mean, this is the wrong posture. we don't want people that create jobs, people that decide how many people will be hired in the next year to be having -- to have bad karma now. we want people looking forward in a positive way, how we're going to grow into new markets, how to export more. we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank...
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Dec 31, 2012
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we have hours go before the fiscal cliff deadline when dramatic increases and spending cuts kick in. congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all household income over $250,000 a year. republicans have come way down from speaker boehner's insistence that that limit be set at a million dollars. and so if there's a deal today, and that's a big "if," you can expect it would be set around $400,000, $500,000, $600,000 a year, so certainly 90, 95% of americans would be keeping their tax cut. one of the biggest sticking points for the republicans right now appears that this deal doesn't include significant spending cuts. in fact, it contain as lot of new spending and so that is one major issue that's going to have to be ironed out. and if they don't g
we have hours go before the fiscal cliff deadline when dramatic increases and spending cuts kick in. congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all...
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Dec 31, 2012
12/12
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yeah, we're going to take a big hit if congress side do something to avert the fiscal cliff. >> so what do you think it's going to take to get a deal? what is it going to take to come up with a deal? is it going to take more spending cuts? is it going to take something on the issue of taxes? where do you think they can meet in the middle? some people say they are not that far apart. >> that's what's so frustrating about this. we're really not that far apart. it was baner who decided to pull the plug who threw everything and we lost another week in unproductive activity. we're not that far apart. there's going to be a package of revenue enhancements and over the fine details but what will be the threshold to allow push tax cuts to be renewed. what will we do about capitol gains and dividends. not that far apart. and what's the package of spending cuts we have to look at to plug the hole when we're looking at other programs that are going to require revenue. i don't think this is all that hard in terms of a small deal. the bigger deal which should have happened is going to have to be addr
yeah, we're going to take a big hit if congress side do something to avert the fiscal cliff. >> so what do you think it's going to take to get a deal? what is it going to take to come up with a deal? is it going to take more spending cuts? is it going to take something on the issue of taxes? where do you think they can meet in the middle? some people say they are not that far apart. >> that's what's so frustrating about this. we're really not that far apart. it was baner who decided...
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Dec 27, 2012
12/12
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CNNW
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we're talking about the tack increases, the spending cuts that make up the fiscal cliff. president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk abo
we're talking about the tack increases, the spending cuts that make up the fiscal cliff. president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do...
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Dec 31, 2012
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and we are teetering over the fiscal cliff as lawmakers rates to prevent tax hikes and spending cuts before 2012 comes to an end. and a toddler is making waves on his snowboard. it is monday, january 31. i'm scott the income but cynne has the day off. -- i'm scott thune. the people have to bundle up? >> you have to bundle up above the clouds are moving in. it will help us at the midnight hour to keep the temperatures up. looking at up to 30's midnight. clouds will be moving in throughout the day. a couple more in the afternoon that we will have this morning. despite some of the cloud cover temperatures will be pretty good near average. some changes for new year's day. a little bit of light rain, maybe a little snow mix stand. but it is going to be light and only 30% chance. let's take a look at the few -- a few of the temperatures. this is the feels like temperature -- 23 in d.c. and the 40's this afternoon. mostly cloudy by 5:00. time for traffic with steve. >> let's start with a look at the map. still the accident northbound 28 centreville, virginia bank, cleanup continues, traffic
and we are teetering over the fiscal cliff as lawmakers rates to prevent tax hikes and spending cuts before 2012 comes to an end. and a toddler is making waves on his snowboard. it is monday, january 31. i'm scott the income but cynne has the day off. -- i'm scott thune. the people have to bundle up? >> you have to bundle up above the clouds are moving in. it will help us at the midnight hour to keep the temperatures up. looking at up to 30's midnight. clouds will be moving in throughout...
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Dec 31, 2012
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. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we
. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying...
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Dec 25, 2012
12/12
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looks like we're headed over the fiscal cliff. the millions in cuts facing bay area cities. >>> plus, caught on camera. dramatic river rescue in l.a . a man clings to bushes for hours fighting that strong current. that is coming up at 6:00. >> one more week at the holiday week weather. >> reporter: it is amazing between this dance last december 20/09 comes -- this december and last december. five times as much snow this year compared to last year. early christmas present for the skiers. >> yeah. >> thanks for watching. >> glor: ton >> glor: tonight, firefighters ,mbushed. four volunteers targeted by a rs targe >> we're being shot at. multiple firemen down. >> glor: two are dead after responding to a house fire. fire.elrod has more. holiday storms potentially disrupting travel plans for l planss. snow moving from west to east, forecasters say tornados could out the south. down to the wire in the pivotal christmas shopping season. in john blacstone says many retailers will not be ohnebrating. celebratins to santa. >> "dear santa, ar
looks like we're headed over the fiscal cliff. the millions in cuts facing bay area cities. >>> plus, caught on camera. dramatic river rescue in l.a . a man clings to bushes for hours fighting that strong current. that is coming up at 6:00. >> one more week at the holiday week weather. >> reporter: it is amazing between this dance last december 20/09 comes -- this december and last december. five times as much snow this year compared to last year. early christmas present...
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Dec 28, 2012
12/12
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CNBC
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cliff. >> spending cuts this is based on good intentions, a framework or agree to agree to spending cuts down the road and this is the criticism that historically, sort of ad nauseam, that there are those good intentions that never through. >> all of the republicans will hear grover norquist recite over and over, every time they promise spending cuts in exchange for tax hikes, the tax hikes came, the spending cuts never came. >> and how long will the road be in terms of what the subpoenaing cuts might or might not be? that will prolong the uncertainty in the market. and with the ceo conference call in the 6:00 hour, that should be very interesting. will we feel the effect of this in the first quarter earnings and gdp, other economic data points. >> it puts republican caucus in the house in the position of having to decide whether no deal is better than a bad deal. >> you know, melissa, if i could chime in, one thing, you didn't hear the president talking about the debt ceiling, and the treasury secretary says we'll start running up against the debt ceiling on monday. that's a very c
cliff. >> spending cuts this is based on good intentions, a framework or agree to agree to spending cuts down the road and this is the criticism that historically, sort of ad nauseam, that there are those good intentions that never through. >> all of the republicans will hear grover norquist recite over and over, every time they promise spending cuts in exchange for tax hikes, the tax hikes came, the spending cuts never came. >> and how long will the road be in terms of what...
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Dec 28, 2012
12/12
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cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44. everybody else mid to upper 30s. 33 gilroy. 40 salinas. cool start today, light rain by the
cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast,...
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Dec 27, 2012
12/12
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FBC
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timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink every night so i did not know if i will get there or not. gerri: you glass half-full kind of guy. i hope your champagne glasses more than half full on new year's. have a good one. while the chances of lawmakers reaching a deal seemed to be slim to none, you'll be glad to know some state lawmakers will% be warned though much more productive. here are some of our favorites. let's start with illinois. starting in 2013 and new law gives motorcyclists be okay to run red lights. leave it or not. after complaints from cyclist who say light sensors don't see the cycles. and the okay for computer-driven ca
timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink...
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Dec 24, 2012
12/12
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there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest da
there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done....
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Dec 31, 2012
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cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at the end of the day if there's no action by the congress, all of the bush tax rates are expiring, so the president is going to get what he's wanted in this debate all along, which is that taxes are going up on the rich and-- >> the president's outmaneuvered the republicans from the very beginning on this. >> ed doesn't have to answer that question. >> and kimberly, we're going to give you the last question, before we go to mike emanuel. >> i have a civilized question for mr. henry. >> and civilized-- >> my goodness, bob. >> it sounds worse than the negotiations on the hill. >> it's worse, thank goodnes
cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at...
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Dec 28, 2012
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gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, i
gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion...
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Dec 30, 2012
12/12
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under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could stall. if we cannot figure this out, they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> reporter: in fact, air traffic controllers warn that more than 100 small airports could lose their control towers. jobs and revenue that may never come back. john bentley, cbs news, new york. >> winter storms are spreading across the country, a massive storm that created havoc east of the mississippi is now headed to new england. that storm left a trail of power outages in the southeast after dumping some 15 inches o
under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a...
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Jan 1, 2013
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americans as part of their framework for avoiding the fiscal cliff. but spending cuts still very much up in the air. team fox coverage continues with rich edson on capitol hill. rich, what's the latest on that framework. >> trace, in just a few hours, tax rates across the board are scheduled to increase. this proposal deals with it. this is the framework that senators have been discussing here. families would pay the same income tax rates they do now on the first $450,000 of income amounts of more than that they get a tax increase. one year extension of long-term unemployment benefits. doctors are scheduled to get a significant pay cut. this plan prevents that and on the estate tax, can you palings -- pass on $5 million tax tree anything more the government takes 40%, trace. >> trace: what's the hold-up from lawmakers exactly? >> in some corners, it's the spending cuts dealing with the sequester. those automatic spending cuts that are supposed to hit the economy this year or this upcoming year. there are democrats that have issue. senate democrats hav
americans as part of their framework for avoiding the fiscal cliff. but spending cuts still very much up in the air. team fox coverage continues with rich edson on capitol hill. rich, what's the latest on that framework. >> trace, in just a few hours, tax rates across the board are scheduled to increase. this proposal deals with it. this is the framework that senators have been discussing here. families would pay the same income tax rates they do now on the first $450,000 of income...
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Jan 1, 2013
01/13
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that make up the fiscal cliff. the house is expected to vote before wednesday. delia goncalves is live from capitol hill with the latest on where we stand now on what seems like a forever mess. good morning, delia. >> reporter: right. just when we thought we were nearing the end, it appears that the house may not be totally in line with this deal, although it remains to be seen when they come back in session at noon today. however, we can anticipate a sticking point that house republicans will essentially not agree with is that the senate bill delays spending cuts, $110 billion in spending cuts. the senate bill delays that for another two months. the president said he wanted to include spending cuts in this version but in order to get it passed through the senate, he had to make a compromise. that's the bill that he was able to get through the senate. let's take a look at some video that was shot last night on the senate floor as that vote came in. overwhelmingly they passed that bill 89-8. that vote was cast aroun
that make up the fiscal cliff. the house is expected to vote before wednesday. delia goncalves is live from capitol hill with the latest on where we stand now on what seems like a forever mess. good morning, delia. >> reporter: right. just when we thought we were nearing the end, it appears that the house may not be totally in line with this deal, although it remains to be seen when they come back in session at noon today. however, we can anticipate a sticking point that house republicans...
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Dec 31, 2012
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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Jan 1, 2013
01/13
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cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last day. you can turn in your tax application on wednesday in person at the state tax office in baltimore city. new tonight, we have pictures of two teams -- teens arrested charged with beating another man. terrence green and dominic wardrick attacked a man on november 3rd. the man was attacked on lombard street. theman is still in the hospital. 216 people were murdered in baltimore city in 2012. font a-- tonight a vigil to remember them all. people stood together outside of the war memorial building, the mayor was there too. . >> the people who we have lost to violence on the streets, our sons, daughters, brothers, sisters, daughters, mother
cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last day. you can turn in your tax...
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Dec 26, 2012
12/12
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interesting to see -- >> i know you have to go, the fiscal cliff -- the fiscal cliff wants to cut money from mental health services. >> indeed. mr. michael nutter of philadelphia, we appreciate it. >>> let's shift back to the fiscal cliff and the art of the possible with one of the lawmakers that will have to pass a vote if a deal is consummated, kay bailey hutchison, member of the appropriations committee and republican from texas, she joins me now. thanks so much for being on the program. >> thank you, luke. >> so we know now the ball is in the senate's court, emphasis is now on harry reid and mitch mcconnell. seems the house is not in session. johnny isakson, your colleague from georgia said congress should pass the $250,000 and below deal because that's what's going to happen afterwards. do you think that should happen? >> i do not. i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that. however, i talked to some of my democratic colleagues and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think
interesting to see -- >> i know you have to go, the fiscal cliff -- the fiscal cliff wants to cut money from mental health services. >> indeed. mr. michael nutter of philadelphia, we appreciate it. >>> let's shift back to the fiscal cliff and the art of the possible with one of the lawmakers that will have to pass a vote if a deal is consummated, kay bailey hutchison, member of the appropriations committee and republican from texas, she joins me now. thanks so much for...
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Dec 30, 2012
12/12
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> joining us now to examine the david gregory interview and the coverage of this fiscal cliff showdown. bob cusack manager of "the hill." what does it say about the state of the budgetary wars that president obama chose to go on a sunday talk show. >> he is doing this interview why congress is trying to do it. very critical of congress and i think this interview wasn't exactly combative. he challenged him on it. >> who challenged who? >> david gregory challenged obama on some points but made $1 trillion in cuts, he also vowed to cut the deficit in half in 2009. that has not happened. >> compared david gregory we saw at the top of the show waving that magazine at wain lapierre. this was a low-key interview. >> meek and weak. i didn't find david gregory, i think he lost his punch over this short-lived vacation. a number of points he didn't press the president hard enough. >> the president gave short answers. >> but there's really no excuse. >> the pomp and the ceremony. on the other hand, and you've had experience covering barack obama going back to chicago, it can be hard to interrupt d
> joining us now to examine the david gregory interview and the coverage of this fiscal cliff showdown. bob cusack manager of "the hill." what does it say about the state of the budgetary wars that president obama chose to go on a sunday talk show. >> he is doing this interview why congress is trying to do it. very critical of congress and i think this interview wasn't exactly combative. he challenged him on it. >> who challenged who? >> david gregory challenged...
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Jan 1, 2013
01/13
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cliff. the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to our home page and look for the featured stories. >>> all right. a lack at maryland's most powerful radar. very little of that precipitation has made its way north. all of it well, well south. conditions are still dry. clouds are holding tough around the area. that storm is staying south and still pretty cloudy around here. again, we stayed nice and dry. upper 30s in reisterstown, hick core ri and man chester. 42 in pape pea. cloudy and dry, getting cold. colder still as we go into tomorrow and the middle part of the week. we'v
cliff. the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just...
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Dec 26, 2012
12/12
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cliff will cut gdp growth substantially. you think what effect the government spending 7% plus of our gdp on debt to bases every year for the last four years, you're talking about north of a trillion dollars economic impact. ashley: you say stay away from equities, what in particular? >> long-term treasuries a deflation hedge. the stability and coupons, emerging market coupons for some holdings in newly emerging market equities. keep in mind i am not saying stay completely away from equities. normal risk exposure. ashley: what about gold, do you like the mining stocks as compared to the gold etf? >> i do like the mining stocks trading at 30-year lows and price relative to gold. if you own some equities, it is preferable in the gold sector. ashley: investment officer joining us by phone this afternoon. thank you so much. the closing bell rings fairly soon here, under six minutes time. can you guess which tech companies are up more than 100% this year? known as the google china poised to take on apple with new technology. we w
cliff will cut gdp growth substantially. you think what effect the government spending 7% plus of our gdp on debt to bases every year for the last four years, you're talking about north of a trillion dollars economic impact. ashley: you say stay away from equities, what in particular? >> long-term treasuries a deflation hedge. the stability and coupons, emerging market coupons for some holdings in newly emerging market equities. keep in mind i am not saying stay completely away from...
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Dec 28, 2012
12/12
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but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically speaking, isn't that a better scenario for them? >> it may politically be a better secenario for some congresspeople. but it will be a catastrophe because of public opinion, the way markets would respond on january 2nd. i think politically obviously it saves a little face, particularly for some republicans who don't want to vote for tax increases. taxes increase automatically, but it isn't without consequences and we're trying to get a sense today -- the meeting that you mentioned, 3:00 p.m. at the white house, congressional leaders with the president and vice president. coming out of that, i think we may ha
but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically...
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Dec 26, 2012
12/12
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make a last-ditch compromise with lawmakers to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party
make a last-ditch compromise with lawmakers to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft...